Calibre Mining (CVE:CXB) Given a C$2.00 Price Target at BMO Capital Markets

Calibre Mining (CVE:CXB) has been given a C$2.00 price target by stock analysts at BMO Capital Markets in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 244.83% from the company’s current price.

Several other research analysts have also recently issued reports on the stock. National Bankshares set a C$2.00 target price on shares of Calibre Mining and gave the stock a “sector perform” rating in a report on Thursday, February 29th. Stifel Nicolaus set a C$2.25 target price on shares of Calibre Mining and gave the stock a “buy” rating in a report on Tuesday, March 19th. Jefferies Financial Group set a C$2.00 price objective on shares of Calibre Mining and gave the company a “buy” rating in a report on Thursday, February 29th. Raymond James lifted their price objective on shares of Calibre Mining from C$2.00 to C$2.25 in a report on Wednesday, March 20th. Finally, TD Securities lifted their price objective on shares of Calibre Mining from C$2.25 to C$2.50 and gave the company a “buy” rating in a report on Monday, January 29th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$2.14.

Calibre Mining Stock Performance

Shares of CVE:CXB traded down C$0.03 on Wednesday, hitting C$0.58. 22,000 shares of the company were exchanged, compared to its average volume of 32,942. The company has a current ratio of 7.18, a quick ratio of 6.94 and a debt-to-equity ratio of 1.08. The stock’s 50 day moving average price is C$0.58 and its 200 day moving average price is C$0.58. Calibre Mining has a 1-year low of C$0.30 and a 1-year high of C$0.75. The firm has a market capitalization of C$26.00 million and a P/E ratio of -11.84.

Insider Transactions at Calibre Mining

In related news, Director Darren John Hall acquired 25,000 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were acquired at an average price of C$1.22 per share, with a total value of C$30,450.00. Over the last 90 days, insiders have purchased 29,000 shares of company stock valued at $37,090.

About Calibre Mining

Calibre Mining Corp., an exploration stage company, engages in the acquisition, exploration, and development of precious and base metals assets and mineral properties in Nicaragua. The company explores for gold, silver, and copper deposits. It holds a 100% interest in the Borosi project consisting of various contiguous mining and exploration concessions located in the North Atlantic Autonomous Region of Nicaragua, Central America; and a 100% interest in mineral concessions covering an area of 413 square kilometers in the mining triangle of northeast Nicaragua, including the Santa Maria project, Primavera gold-copper project, and Monte Carmelo gold project.